September 28, 2004

IBM Leaps Into RFID

RFID and EPC By: ams

CNET: “IBM said Monday that it intends to spend $250 million on developing RFID, and a related technology known as sensor networks, over the next five years. HP is pouring $150 million into the technology, the company said in a dueling announcement.”

Most likely the money IBM and HP are pouring in are essentially the cost of consultants in their services divisions training to understand RFID technologies, but this still points to the trend that “RFID is projected to fuel a buying frenzy, with companies stocking up on the required equipment, including RFID tags, readers, computer servers and new software. U.S. retailers will spend nearly $1.3 billion on RFID projects annually by 2008, according to market researcher IDC.”

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